Century Properties Group, Inc. (CPG) reported its financial and operational results for the first half of 2026, highlighted by a resilient core performance, a 9% increase in EBITDA, and an expanding gross profit margin.
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Consolidated Revenues: Stood at Php7.62 billion, remaining broadly steady year-on-year.
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EBITDA: Rose 9% to Php2.31 billion, up from Php2.13 billion in the same period last year, reflecting disciplined cost management and enhanced operational efficiency.
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Gross Profit: Improved 9% year-on-year to Php3.74 billion, with the gross profit margin expanding significantly to 49% from 45%.
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Net Income After Tax (NIAT): Recorded at Php1.18 billion, compared with Php1.22 billion a year earlier, as strong operational gains were partially offset by higher interest expenses and income taxes.
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Total Assets: Reached Php68.41 billion as of 30 June 2026, marking a 12% increase from Php60.94 billion at the end of 2025.
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Balance Sheet & Leverage: Total liabilities increased to Php43.18 billion, while stockholders’ equity rose 4% to Php25.23 billion. The Company maintained a healthy net debt-to-EBITDA ratio of 3.8x, underscoring prudent financial leverage and flexibility.
PHirst Residential continued to serve as CPG’s principal growth engine, contributing 73% of consolidated revenues and achieving a 7% year-on-year growth. Meanwhile, Century Premium accounted for approximately 16% of revenues, with Commercial Leasing and Property Management Services contributing 7% and 4%, respectively, providing robust recurring income support.
Driven by strong consumer confidence, reservation sales increased by 11% during the period despite broader geopolitical headwinds, signaling sustained demand for the Company’s expanding horizontal portfolio.
With the majority of its vertical inventory successfully sold, CPG is actively accelerating its strategic pivot toward horizontal developments in high-growth provincial and suburban locations nationwide. The Company remains selective on new vertical opportunities, ensuring they align with its master-planning strategy and strict return thresholds.
“Our first-half performance demonstrates the strength of Century Properties Group’s transformation into a more focused horizontal residential developer,” said Marco R. Antonio, President of CPG. “The continued growth of PHirst, together with our premium house-and-lot communities, validates our strategy of serving end-user demand in high-growth areas outside Metro Manila. We believe this direction positions the Company for more sustainable value creation as Filipino families continue to seek quality homes in well-planned communities.”
CPG’s management emphasized its ongoing commitment to maintaining a robust financial position while aggressively funding its expanded project pipeline.
“We remain disciplined in capital allocation and focused on maintaining a resilient balance sheet as we fund our horizontal pipeline,” stated Rodel V. Marqueses, Chief Financial Officer and Head of Investor Relations of CPG. “The improvement in EBITDA, stronger gross margin, and ongoing monitoring of net debt-to-EBITDA reflect our commitment to operational efficiency, prudent leverage, and transparent communication with investors.”
